Thursday, October 15, 2015

Option Open Interest for 15-10-2015

Inference
The Index opened positive around 8134 and stayed strong for the entire session of trade to close near the highs at 8179.50, gain of 71.60 points. The broader market was positive, with 866 advances to 655 declines. The range for the series has narrowed down to 8000-8300.
  • Call option 8400-8600 added 5.32 lacs OI with short covering seen at 8200 and below strike prices.
  • Put option 8200-8000 added 18.49 lacs OI with profit booking seen at 7900 and below strike prices.
  • Nifty Open Interest is at 2,01,20,925 up by 3,38,850, with increase in price, most probably huge long build-up.
  • Bank Nifty Open Interest is at 23,47,650 up by 1,24,725, with increase in price, most probably huge long build-up.
  • FII’s sold 1.57 lacs Futures, which includes 8166 contracts long build-up and 14448 contracts short build-up, with increase in net OI by 22614 contracts includes 69043 longs to 75325 shorts for the day.
  • FII’s Index future open contract as on date is 624794 Longs to 368310 Shorts, Net Long 256484 down by 6282 contracts.
  • Initial support stays at 8100, with OI of 40.95 lacs and below that at 8000 with highest OI of 59.76 lacs.
  • Initial and best resistance still at 8200, with OI of 50.17 lacs and above that at 8300 with OI of 48.73 lacs.
  • Day Range as per Option Table is 8100 - 8239 and as per VIX is 8106 - 8253 with 8167 as the Pivot.
India VIX : 17.72 down by 0.30 points
Call OI : 33990175
Put OI : 42938525
PCR OI : 1.263
SMR : 14.03 (Bullish : The Bulls decided to take control of the OI table with huge addition at 8200-8000 level, though the CE writers are on the back foot but still holding on around 8200...)